OTHER INCOME AND OTHER OPERATING EXPENSES (Tables)

12 Months Ended

Oct. 30, 2022

OTHER INCOME AND OTHER OPERATING EXPENSES

Major Components of Other Income and Other Operating Expenses

The major components of other income and other operating expenses consisted of the following in millions of dollars:

	2022		2021		2020
Other income
Revenues from services	$	283	$	322	$	314
Insurance premiums and fees earned*		289		227		223
Trademark licensing income		89		87		73
Operating lease disposition gains		72		65
Gain on previously held equity investment		326
Investment income		14		41		26
Other		222		249		182
Total	$	1,295	$	991	$	818
Other operating expenses
Depreciation of equipment on operating leases	$	827	$	983	$	1,083
Insurance claims and expenses*		267		235		231
Cost of services		214		202		188
Operating lease disposition losses and impairments						52
Pension and OPEB benefit, excluding service cost component		(218)		(183)		(31)
Foreign exchange loss		132		59		4
Other		53		47		85
Total	$	1,275	$	1,343	$	1,612

*     Primarily related to extended warranties (see Note 20).